VOL. XLVI

No 19

12-May-2003

SAUDI ARABIA

Saudi Economy Buoyed By High Oil Revenues But Business Slows, Says Samba

Saudi Arabias economy has been buoyed by high oil prices and production in the first quarter of 2003, but this has been accompanied by a general slowdown in business and consumer activity, according to a report by Saudi American Banks (Samba) Chief Economist Brad Bourland Saudi Arabias Economy: First Quarter 2003 Update. According to Sambas Saudi oil market model, the kingdoms oil...